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The 15-acre redevelopment project will transform The Music City’s urban core. The $1 billion Nashville Yards development will add more than four million square feet of entertainment, retail, office and residential space.

The hotel sector posted the highest one-year average dividend yield among all U.S. equity REIT sectors, according to S&P Global Market Intelligence data, outperforming the broader SNL U.S. REIT Equity Index.

The office will deliver construction services focused on corporate interiors and mission critical facilities, of which HITT has completed more than $1.3 billion and nearly 10 million square feet of data centers.

A rapidly rising population is adding to the city’s congestion issues, but also fostering demand for apartments and pushing rents higher. Rents were up 2.9 percent to $1,108 as of May, and Yardi Matrix forecasts a 3.5 percent increase in 2017.